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The General Equilibrium Theory in Japanese Economic Thought: From Walras to Morishima

In: From Walras to Pareto


  • Kayoko Misaki

    (Shiga University)


The aim of this paper is to show how Japanese economists understood the political and ideological implications of Walras’s general equilibrium theory in its diffusion process. It was in the 1930s that Japanese economists began to work on the general equilibrium theory. Although close surveys of their theoretical contributions have already been made, little attention has been given to its political and ideological aspects. In this paper, therefore, I would like to focus attention on these arguments that have been ignored and try to show the possibilities of general equilibrium theory as social science.

Suggested Citation

  • Kayoko Misaki, 2006. "The General Equilibrium Theory in Japanese Economic Thought: From Walras to Morishima," The European Heritage in Economics and the Social Sciences, in: Jürgen G. Backhaus & J. A. Hans Maks (ed.), From Walras to Pareto, chapter 2, pages 11-26, Springer.
  • Handle: RePEc:spr:euhchp:978-0-387-33757-9_2
    DOI: 10.1007/978-0-387-33757-9_2

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